We go end of August every year from Boston to Aruba. Last year when oil was going up I bought in February for our august trip. I checked prices a week before we left and found they had dropped over $300 for the pair of tickets. Luckily Jetblue gave us a credit for the differenct.
I haven't pulled the trigger for the trip this year yet, but prices seem to be trending up fast right now. Should I wait it out or go ahead and grab the tickets?
it depends on the summer travel season. they say it's about 3% less than last year but recently the drop off has stalled - thus suggesting that travelers are coming back. that explains why fares have started creeping back up - especially since capacity is about 10% less than last years. if you're using jetblue then you can't get credit up until your departure date and the credits can be given to others - people sell them on ebay.